Intrepid Potash, Inc. (NYSE:IPI) Stock Position Decreased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. decreased its position in shares of Intrepid Potash, Inc. (NYSE:IPI - Free Report) by 33.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,782 shares of the basic materials company's stock after selling 63,793 shares during the period. Pinnacle Associates Ltd. owned about 1.00% of Intrepid Potash worth $3,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IPI. BlackRock Inc. lifted its stake in Intrepid Potash by 1.3% in the second quarter. BlackRock Inc. now owns 845,209 shares of the basic materials company's stock valued at $19,178,000 after buying an additional 11,035 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Intrepid Potash by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 799,972 shares of the basic materials company's stock valued at $22,079,000 after buying an additional 27,444 shares in the last quarter. Vanguard Group Inc. increased its holdings in Intrepid Potash by 4.0% during the third quarter. Vanguard Group Inc. now owns 574,999 shares of the basic materials company's stock worth $22,753,000 after buying an additional 22,160 shares during the last quarter. Azarias Capital Management L.P. raised its position in Intrepid Potash by 103.1% during the third quarter. Azarias Capital Management L.P. now owns 432,875 shares of the basic materials company's stock worth $10,891,000 after acquiring an additional 219,713 shares in the last quarter. Finally, Capital International Investors acquired a new stake in Intrepid Potash in the first quarter valued at $33,390,000. Institutional investors and hedge funds own 56.13% of the company's stock.

Intrepid Potash Trading Up 0.2 %

Shares of IPI stock traded up $0.05 during trading on Monday, hitting $20.91. The company had a trading volume of 119,035 shares, compared to its average volume of 117,505. The stock's 50-day moving average price is $19.79 and its 200 day moving average price is $20.95. Intrepid Potash, Inc. has a one year low of $17.23 and a one year high of $28.35.

Intrepid Potash (NYSE:IPI - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The basic materials company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.20). Intrepid Potash had a negative return on equity of 0.43% and a negative net margin of 12.78%. The company had revenue of $49.04 million during the quarter, compared to the consensus estimate of $41.63 million. On average, research analysts predict that Intrepid Potash, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Activity

In other Intrepid Potash news, CEO Robert P. Jornayvaz III sold 63,372 shares of the business's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $20.43, for a total transaction of $1,294,689.96. Following the sale, the chief executive officer now owns 1,542,551 shares of the company's stock, valued at $31,514,316.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Intrepid Potash news, CEO Robert P. Jornayvaz III sold 63,372 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $20.43, for a total transaction of $1,294,689.96. Following the completion of the sale, the chief executive officer now owns 1,542,551 shares of the company's stock, valued at approximately $31,514,316.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert P. Jornayvaz III sold 5,384 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $19.35, for a total transaction of $104,180.40. Following the completion of the transaction, the chief executive officer now owns 1,518,920 shares in the company, valued at approximately $29,391,102. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,034 shares of company stock worth $1,939,525. Insiders own 19.90% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Intrepid Potash to a "sell" rating in a research note on Wednesday, January 24th.

Intrepid Potash Profile

Intrepid Potash, Inc, together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement.